2012 Q3 Form 10-Q Financial Statement

#000110465912077266 Filed on November 13, 2012

View on sec.gov

Income Statement

Concept 2012 Q3 2011 Q3
Revenue $8.759M $8.649M
YoY Change 1.28% 8.07%
Cost Of Revenue $3.270M $3.300M
YoY Change -0.91% -4.35%
Gross Profit $5.490M $5.350M
YoY Change 2.62% 17.58%
Gross Profit Margin 62.68% 61.86%
Selling, General & Admin $820.0K $760.0K
YoY Change 7.89% 4.11%
% of Gross Profit 14.94% 14.21%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.555M $1.604M
YoY Change -3.03% 8.64%
% of Gross Profit 28.32% 29.97%
Operating Expenses $5.634M $5.665M
YoY Change -0.55% 0.19%
Operating Profit $3.125M $2.983M
YoY Change 4.75% 27.04%
Interest Expense $1.927M $2.033M
YoY Change -5.24% 0.04%
% of Operating Profit 61.65% 68.15%
Other Income/Expense, Net -$2.344M -$2.523M
YoY Change -7.12% -20.69%
Pretax Income $770.0K $460.0K
YoY Change 67.39% -155.42%
Income Tax $0.00 $0.00
% Of Pretax Income 0.0% 0.0%
Net Earnings $774.5K $456.9K
YoY Change 69.49% -158.58%
Net Earnings / Revenue 8.84% 5.28%
Basic Earnings Per Share
Diluted Earnings Per Share $5.923M $3.538M
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2012 Q3 2011 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.300M $4.300M
YoY Change 23.26% -10.42%
Cash & Equivalents $5.322M $4.316M
Short-Term Investments
Other Short-Term Assets $3.500M $3.800M
YoY Change -7.89% 111.11%
Inventory
Prepaid Expenses
Receivables $500.0K $600.0K
Other Receivables $500.0K $400.0K
Total Short-Term Assets $9.800M $9.100M
YoY Change 7.69% 19.74%
LONG-TERM ASSETS
Property, Plant & Equipment $96.10M $99.80M
YoY Change -3.71% 6.97%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $14.79M $17.80M
YoY Change -16.93% -15.64%
Other Assets $0.00
YoY Change
Total Long-Term Assets $111.9M $118.6M
YoY Change -5.69% 1.37%
TOTAL ASSETS
Total Short-Term Assets $9.800M $9.100M
Total Long-Term Assets $111.9M $118.6M
Total Assets $121.7M $127.7M
YoY Change -4.73% 2.49%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.100M $2.100M
YoY Change 0.0% -4.55%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.100M $2.100M
YoY Change 0.0% -4.55%
LONG-TERM LIABILITIES
Long-Term Debt $138.3M $139.4M
YoY Change -0.79% 1.09%
Other Long-Term Liabilities $3.600M $7.100M
YoY Change -49.3% -32.38%
Total Long-Term Liabilities $141.9M $146.5M
YoY Change -3.14% -1.28%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.100M $2.100M
Total Long-Term Liabilities $141.9M $146.5M
Total Liabilities $144.1M $148.7M
YoY Change -3.08% -1.35%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$22.40M -$21.00M
YoY Change
Total Liabilities & Shareholders Equity $121.7M $127.7M
YoY Change -4.73% 2.49%

Cashflow Statement

Concept 2012 Q3 2011 Q3
OPERATING ACTIVITIES
Net Income $774.5K $456.9K
YoY Change 69.49% -158.58%
Depreciation, Depletion And Amortization $1.555M $1.604M
YoY Change -3.03% 8.64%
Cash From Operating Activities $2.710M $1.840M
YoY Change 47.28% 12.2%
INVESTING ACTIVITIES
Capital Expenditures -$810.0K -$600.0K
YoY Change 35.0% -22.08%
Acquisitions
YoY Change
Other Investing Activities $90.00K $280.0K
YoY Change -67.86% 366.67%
Cash From Investing Activities -$720.0K -$320.0K
YoY Change 125.0% -54.93%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.850M -1.200M
YoY Change 54.17% 5.26%
NET CHANGE
Cash From Operating Activities 2.710M 1.840M
Cash From Investing Activities -720.0K -320.0K
Cash From Financing Activities -1.850M -1.200M
Net Change In Cash 140.0K 320.0K
YoY Change -56.25% -252.38%
FREE CASH FLOW
Cash From Operating Activities $2.710M $1.840M
Capital Expenditures -$810.0K -$600.0K
Free Cash Flow $3.520M $2.440M
YoY Change 44.26% 1.24%

Facts In Submission

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dei Entity Registrant Name
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dei Entity Central Index Key
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dei Document Type
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dei Document Period End Date
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dei Amendment Flag
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dei Current Fiscal Year End Date
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RelatedPartyTransactionManagementFee
1047000 USD
CY2012Q3 nen Partners Capital Account Distribution Per Depository Receipt
PartnersCapitalAccountDistributionPerDepositoryReceipt
0.75
nen Operating Leases Noncancellable Maximum Lease Term
OperatingLeasesNoncancellableMaximumLeaseTerm
P1Y
CY2012Q3 us-gaap Number Of Units In Real Estate Property
NumberOfUnitsInRealEstateProperty
120 item
CY2012Q3 nen Number Of Units In Real Estate Property To Be Sold
NumberOfUnitsInRealEstatePropertyToBeSold
120 item
CY2012Q3 nen Number Of Units In Real Estate Property Sold
NumberOfUnitsInRealEstatePropertySold
105 item
CY2012Q3 nen Number Of Units In Real Estate Property Unsold
NumberOfUnitsInRealEstatePropertyUnsold
15 item
CY2012Q3 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
8782896 USD
us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
3241830 USD
CY2012Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
463687 USD
CY2012Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1571942 USD
CY2012Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
554 USD
CY2012Q3 us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
731618 USD
CY2012Q3 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
48483 USD
CY2012Q3 us-gaap Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
1487272 USD
CY2012Q3 us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
1066739 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
1746 USD
us-gaap Interest Expense
InterestExpense
5853647 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-1222077 USD
CY2012Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
774453 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
2448669 USD
CY2012Q3 us-gaap Rental Properties
RentalProperties
96137618 USD
CY2012Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
5322287 USD
CY2012Q3 us-gaap Accounts Receivable Net
AccountsReceivableNet
545496 USD
CY2012Q3 us-gaap Escrow Deposit
EscrowDeposit
446314 USD
CY2012Q3 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
3460422 USD
CY2012Q3 us-gaap Equity Method Investments
EquityMethodInvestments
14786580 USD
CY2012Q3 nen Deferred Financing And Leasing Costs Net
DeferredFinancingAndLeasingCostsNet
960064 USD
CY2012Q3 us-gaap Secured Debt
SecuredDebt
138335670 USD
CY2012Q3 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
2143534 USD
CY2012Q3 us-gaap Customer Advances And Deposits
CustomerAdvancesAndDeposits
3604570 USD
CY2012Q3 us-gaap Partners Capital
PartnersCapital
-22424993 USD
us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
26245505 USD
CY2012Q3 us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
92700 USD
us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
282889 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1362276 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
4632173 USD
CY2012Q3 nen Management Fees
ManagementFees
360578 USD
nen Management Fees
ManagementFees
1078188 USD
us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
2684760 USD
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
148602 USD
us-gaap Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
3857918 USD
CY2012Q3 us-gaap Income Loss From Continuing Operations Per Outstanding Limited Partnership Unit
IncomeLossFromContinuingOperationsPerOutstandingLimitedPartnershipUnit
5.90
us-gaap Income Loss From Continuing Operations Per Outstanding Limited Partnership Unit
IncomeLossFromContinuingOperationsPerOutstandingLimitedPartnershipUnit
18.63
CY2012Q3 us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
131277 shares
us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
131410 shares
CY2012Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-2370824 USD
CY2011Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-2523315 USD
CY2011Q3 us-gaap Partners Capital
PartnersCapital
-20959035 USD
us-gaap Partners Capital Account Units Treasury
PartnersCapitalAccountUnitsTreasury
-708 shares
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
111244 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-110162 USD
nen Increase Decrease In Escrow Deposit
IncreaseDecreaseInEscrowDeposit
-44989 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-406230 USD
us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
772000 USD
us-gaap Payments To Acquire And Develop Real Estate
PaymentsToAcquireAndDevelopRealEstate
1640502 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
245633 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
1668600 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
825943 USD
nen Related Party Transaction Management Fee As Percentage Of Gross Property Rental Revenue And Laundry Income
RelatedPartyTransactionManagementFeeAsPercentageOfGrossPropertyRentalRevenueAndLaundryIncome
0.04 pure
CY2012Q1 nen Depositary Receipt Forward Split Conversion Ratio
DepositaryReceiptForwardSplitConversionRatio
3 pure
nen Investments In Number Of Limited Partnerships And Limited Liability Companies
InvestmentsInNumberOfLimitedPartnershipsAndLimitedLiabilityCompanies
9 item
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
5000000 USD
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
3998573 USD
CY2012Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
121658781 USD
us-gaap Net Income Loss
NetIncomeLoss
2448669 USD
us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
2952515 USD
us-gaap Partners Capital Account Treasury Units Purchases
PartnersCapitalAccountTreasuryUnitsPurchases
610294 USD
us-gaap Increase Decrease In Customer Advances And Deposits
IncreaseDecreaseInCustomerAdvancesAndDeposits
862 USD
us-gaap Increase Decrease In Customer Advances And Deposits
IncreaseDecreaseInCustomerAdvancesAndDeposits
52220 USD
nen Partners Capital Account Depository Receipts Treasury Repurchased
PartnersCapitalAccountDepositoryReceiptsTreasuryRepurchased
488627 USD

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